Category Archives: Other Topics

Canadian dollar chart showing the major downtrend

Will the Canadian Dollar test $0.8400 by year-end? Maybe!
Weekly chart for the Canadian Dollar showing the major downtrend

Canadian Dollar 3-Year Weekly Chart

Major trend, intermediate trend and near-term trend are all down.

Reference my analysis from March 21, 2014 and the follow excerpt:

On the long-term chart (not shown) there are support levels at $0.8600 and $0.8400. Yes, there is a high probability we could see the Canadian dollar test the $0.8400 level before the end of the year.

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

West Texas Intermediate (WTI) daily chart

WTI closes below 60 for the first time since 2009
WTI closes below 60!

WTI Daily Chart

Reference the last chart analysis for WTI.

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Gold 3-Year weekly chart

Maybe a breakout for gold above resistance of 1200
Gold weekly chart showing a breakout at 1200

Gold 3-Year Weekly Chart

Reference the last chart analysis for gold.

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Where is the bottom for WTI and Brent?

DOWN – that describes the intermediate and near-term trends

One year daily line chart for WTI and Brent showing the intermediate downtrend.

Reference the last chart analysis for Brent.

Oil prices drop to 5-year low of $68 as Saudi Arabia ramps up war for market share

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Brent found tentative support at 70 as the shorts covered

But, the intermediate trend for Brent is down
Intermediate trend is down for Brend Crude with tentative support at 70

Brent 6-Month Daily Chart

There is a high probability Brent Crude will test 70 again. Is 70 the end of the long slide? Reference my chart published on November 28, 2014: Brent Crude Oil chart analysis – $60? $40?

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“It is all about probabilities”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

© 2014 TradeOnline.ca

Brent Crude Oil chart analysis – $60? $40?

Barring a major supply disruption, Brent is heading lower

Daily chart for Brent showing the reaction OPEC decision not to cut production

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Weekly chart for Brent

Weekly chart for Brent Crude Oil.

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Bloomberg chart predicting Brent at $60

Bloomberg chart-Oil Price Weakness Likely to Persist_2014-11-28

OPEC’s decision not to try and eliminate an oil-supply glut means the biggest crash in six years won’t stop until prices reach $60 a barrel, according to firms including Nomura Holdings Inc. and Deutsche Bank AG……………….

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

iShares TSX Capped Energy Index ETF (XEG) weekly chart

Major break for XEG below support of 16.00
Major break for iShares S&P/TSX Capped Energy Index ETF below support of 16.00.  Will test major support of  14.00.  A break below 14.00 would indicate a test of the 2011 low

XEG 3-Year weekly Chart

Major break for iShares S&P/TSX Capped Energy Index ETF below support of 16.00. Will test major support of 14.00. A break below 14.00 would indicate a test of the 2011 low.

iShares S&P/TSX Capped Energy Index ETF

______________________________

“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.

Natural Gas daily chart

Natural Gas and the pop on Monday. It was cold outside!
Natural gas daily chart showing the 5.79% pop on Monday, November 17. The price of natural gas has an inverse correlation to the current temperature and short-term forecast.  Sometimes the traders will go outside to verify the temperature and make their own forecast.

Natural Gas 6-Month Daily Chart

Natural gas daily chart showing the 5.79% pop on Monday, November 17. The price of natural gas has an inverse correlation to the current temperature and short-term forecast. Sometimes the traders will go outside to verify the temperature and make their own forecast. A trader that feels cold after the trip outside will take some new long positions. Also the temperature on the trading floor or in their office can affect the market.

United States Natural Gas Fund (UNG) is one way to trade this commodity without leverage……………

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“Keep it Simple!”

Note: Click on HOME for updated postings. This technical analysis is for educational purposes so you can learn to trade online using candlestick charts and other technical indicators including volume, moving averages and oscillators. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stock or index.